Vice President of Life Operations Objective

To plan, organize, and direct the overall operations of the Life Companies, which include Farm Bureau Life Insurance Company of Michigan (FBL), and Cincinnati Equitable Life Insurance Company (CELIC).   To deliver products and services for the Life Companies consistent with the corporate vision and strategy as well as industry practices.  To evaluate growth opportunities for the life companies, including alternative distribution options for out-state expansion.

Vice President of Life Operations Responsibilities

Understand life insurance business models and markets, work cross-organizationally to develop and maintain an integrated planning system for achievement of corporate objectives for Farm Bureau Life Insurance and Affiliated Companies. Communicate planning system requirements and outcomes to subordinate managers.

Direct the development and implementation of new life and annuity products to maintain a competitive and marketable position.

Direct the Life Actuarial department to comply with all regulatory requirements and the monitoring of the Life Products profitability and reserve position.

Direct the development and administration of reinsurance programs for life and annuity products.

Direct the development and implementation of life and annuity claim administration guidelines that support the company’s claim philosophy and provide a strong customer experience.

Direct the development and implementation of life underwriting guidelines that support the Life Company’s appropriate mortality, expense, and risk philosophies. Regularly review and improve risk analysis, costs, training, and protective value of the underwriting function.

Direct the development and implementation of cost-effective administrative procedures that ensure acceptable levels of policy processing, policy underwriting, customer service, and billing and collection for life and annuity products and services.

Select, train, evaluate, discipline, and terminate employees in accordance with corporate policies and guidelines. Maintain staffing levels necessary for accomplishment of objectives.

Serve on Corporate Staff to assist in developing, monitoring, and implementing the corporate plan, giving specific attention to possible financial results utilizing different strategies.

Serve as a member of the Investment Committee, Life Interest Rate Committee, Customer Experience (CX) Committee and Life Asset Liability Management (ALM) Committee.

Direct the preparation of and administration of the annual budget for the division.

Chair the Life Interest Rate Committee and Life Strategy Team. Lead the development and communication of rate setting philosophies and regular rate determination.

Lead the development and execution of strategic goals for the Life Insurance Companies, including coordination with other Company divisions.  Review operational results on a regular basis and initiate action to reach desired results.

Collaborate to assess the competitive position of the Life Companies’ products and services. Identify weaknesses in products and services and initiate corrective actions.

Assist in the coordination and the completion and filing of proper financial reports to regulatory agencies as required.

In conjunction with the Controller Division, coordinate the completion and presentation of financial results, policy reserves, corporate strategies and operating results of the Life Companies for the presentations and ratings assignment of the AM Best Company (Insurance Rating Agency).

Vice President of Life Operations Qualifications

Required

Bachelor's degree in business administration, finance, insurance, accounting, or related field required.

Minimum ten years of experience in life insurance industry required. 

Minimum five years of experience in a management position required.

Note: Farm Bureau offers a full benefit package including medical, dental, vision, and 401K.

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